Subros Limited has established the Subros Advanced Technologies and Innovation Centre (SATIC) at Sector 136, Noida. This new facility serves as an extension of the company's existing Research & Development Centre, aiming to strengthen technological capabilities and support long-term growth objectives.

The inauguration took place on October 15, 2026. The initiative aligns with the company's strategic focus on enhancing engineering competencies and preparing for emerging technology requirements in the automotive sector.

Focus on automotive thermal management

The centre is designed to provide an enhanced environment for advanced technology development, engineering innovation, digitalization, and research activities. Its primary focus lies in the field of automotive thermal management systems across various segments, including Passenger Vehicles (PV), Commercial Vehicles (CV), Buses, and Railways.

Subros stated that the facility will support efforts to develop technologies aligned with evolving industry requirements. Key areas of focus include advancements in vehicle electrification, energy efficiency, thermal management, and sustainable mobility.

Company profile and market position

Founded in 1985 as a joint venture involving the Suri family of India, DENSO Corporation, and Suzuki Motor Corporation, Subros is a leading manufacturer of thermal products for automotive applications in India. The company operates in technical collaboration with DENSO Corporation, Japan.

Subros holds the distinction of being the only integrated manufacturing unit in India for Auto Air Conditioning systems and Thermal Products. The company manufactures compressors, condensers, heat exchangers, and all connecting elements required to complete the AC loop.

Strategic implications

The establishment of SATIC underscores Subros' commitment to strengthening its research and development capabilities. By centralizing advanced technology development in Noida, the company aims to address the regulatory and technological shifts driving the automotive industry toward electrification and sustainability.

This move complements Subros' existing role as a comprehensive supplier across multiple vehicle segments, reinforcing its position as a key player in India's automotive thermal management landscape.

Subros Limited shareholders approved all eight resolutions at the 41st Annual General Meeting held on September 18, 2026, including material related-party transactions with Maruti Suzuki India Limited and Global Autotech Limited.

The meeting, conducted via video conferencing, saw a total voting turnout of 74.29% of outstanding shares. All resolutions were passed with overwhelming majority support, ranging from 99.79% to 100% affirmative votes.

Key Resolutions Passed

The following ordinary and special resolutions were approved by the members:

• Adoption of standalone and consolidated audited financial statements for FY26 along with Board and Auditor reports.
• Declaration of dividend on equity shares for the year ended March 31, 2026.
• Re-appointment of Dr. Jyotsna Suri as a Director, retiring by rotation.
• Ratification of remuneration for Cost Auditors.
• Approval of material related-party transactions with Global Autotech Limited.
• Approval of material related-party transactions with Maruti Suzuki India Limited.
• Continuation of Dr. Jyotsna Suri’s directorship as a Non-Executive Director upon attaining the age of 75 years (Special Resolution).
• Appointment of Mr. Akihiro Deguchi as Nominee Director.

Voting Results Overview

The cut-off date for voting rights was September 11, 2026, with 57,591 shareholders on record. The promoter group, holding 24 million shares, voted in full on all non-related-party resolutions. Public institutional and non-institutional investors showed strong participation, particularly on financial statement adoption and dividend declarations.

Meeting Proceedings

Ms. Shradha Suri, Chairperson & Managing Director, welcomed members and provided a statement on the industry scenario, business outlook, and financial performance. The statutory, secretarial, and cost auditors’ reports contained no qualifications or adverse remarks.

All directors attended except Mr. Akihiro Deguchi and Mr. Tsunenobu Hori, representatives of DENSO Corporation, Japan, who were absent due to prior commitments. The Company Secretary facilitated e-voting, which remained open for 15 minutes during the meeting. The AGM concluded at 12:27 pm IST.

Promoter group votes were excluded from the count for the related-party transaction resolutions involving Global Autotech Limited, as per regulatory requirements. Despite this exclusion, both deals secured approval from over 99% of the eligible public votes.